Intel’s CEO quits after probe confirms his relationship with staffer

Intel’s Brian Krzanich (pictured) suddenly stepped down as CEO and member of the Board of Directors after internal and external investigations confirmed his ‘consensual relationship’ with an employee in the past, the company said, adding that chief financial officer Robert Swan will act as interim CEO till it finds a suitable replacement. Krzanich, 58, violated the company’s policy that managers cannot have relationships with people who report to them directly or indirectly. The company said it came to know about the relationship only recently and immediately launched an investigation. Details about Krzanich’s relationship, including the identity of his partner, remained unknown. Intel’s stock fell 2% to $52.40 in early trading. Krzanich joined Intel in 1982. He was named CEO and elected to the board in May 2013.

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